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president obama before they raise the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the nation's gun control debate, this could be the most polarizing issue. >> anybody can claim stand your ground and they could get away with murder. >> announcer: broadcasting across the nation on your radio and current tv, this is the "bill press show." >> bill: yes indeed. equality moves to the front lines as the pentagon today lifts the ban on women in combat. big move. a great move. hello, everybody. happy, happy thursday and welcome, welcome to the "full court press." coming to you live all the way across this great land of ours. god bless america. we're booming out to
boehner after the passage of a bill that temporarily suspends the $16.4 trillion debt ceiling through mid-may. it passed in the house of 285-144. briefing is about 15 minutes. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> good afternoon everyone. with the passage of this bill today, it's pretty clear that we are sending a message to the democrat-controlled senate, it's time to do your job. the principle is pretty simple. no budget, no pay. american families have to do a budget and they understand you can't continue to spend money that you don't have. we're committed to doing a budget on the house side, a budget that will balance over the next 10 years. it's time for the senate and the president to show the american people how they are willing to balance the budget over the next 10 years. >> today's vote was the first step towards trying to resolve the nation's fiscal crisis in a responsible manner. look forward to working with the white house and the senate to do so. it's interesting to note with after almost four years
of representatives faces a vote to increase america's debt ceiling. pending legislation raises the debt ceiling by roughly $300 billion to $400 billion. what protection does america get in return? are there any spending cuts? no. are there policies that spur economic growth in resulting revenue increases? no. does this proposal help fix in any way the trillion dollar deficits that threaten america with financial ruin? no. mr. speaker, i can only speak for me. i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem of deficits and accumulated debt that force debt ceiling votes and risk america's future. i will not vote to raise the debt ceiling unless first congress passes a substantive balanced budget constitutional amendment that solves the debt problem for future generations or, second, we implement sizable spanneding cuts that help get our financial affairs in order. i take this stance full well knowing the adverse economic effects of a failure to raise the debt ceiling, but also knowing, mr. speaker, that those affects pale in comparison t
. >> and republicans reached a deal on the debt ceiling but there's a catch. the latest from washington. coming up next. >> from the cbs 5 weather center, good afternoon, everyone. sure, we have some rain showers in and around the bay area. that's our live camera looking out towards mount vaca. the rain and how long it will stick around as eyewitness news continues right here on cbs 5. about to pay more the next time you mail. the u-s postal >>> hope you stocked up on forever stamps because if you didn't, you're about to pay more the next time you mail out. the u.s. postal service is upping the cost of a stamp by a penny this weekend. now it will cost 46 cents to send a letter. 33 cents for a postcard and for the first time ever, the postal service is going to start offering a global forever stamp for $1.10. >>> there is a truth in the battle over the debt limit. the house passed a bill that business the country another 4 months before default but the measure forces the senate to do something it hasn't done in four years. cbs news reporter randall pinkston expla
report. we do continue to climb higher. lawmakers coded to suspend the debt ceiling -- lawmakers voted to suspend the debt ceiling. netflix was about 30% higher in the pre-market. they signed about two million subscribers in the past quarter. debt collectors are tracking people on facebook and twitter. new restrictions on how debt collectors can be allowed to contact you. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> now weather and traffic together on the 1's. >> said here is tony. tehre yhere you go. >> we had a clipper storm come through last night. it is not a lot of snow but there could be some slippery spots. light snow at the airport. that to taper off within the next few hours. mostly sunny this afternoon. sunshine this afternoon and cold temperatures. >> good morning. secondary roads are worse than the primary roads. this is the westbound span of the bay bridge. the left lane is close with an accident. word of a crash was bound 100 at oakwood. westbound 70 at 29, continued problems because of a crash. 32 eastbound, another
the debt ceiling until the middle of may. senate democrats say they will pass the bill soon and the white house says president obama will not veto it. the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt li
the debt ceiling until may 19, then resetting the cap to cover any borrowing over the current limit-- $16.4 trillion. and for now, republicans will not force immediate spending cuts. the party's new strategy would achieve that goal by forcing congress to pass a budget. house budget committee chair-- and last year's vice presidential nominee-- paul ryan. >> here's the point, we have a law, it's called the budget act, it requires that congress passes a budget by april 15. all we're saying is, "congress, follow the law, do your work, budget. and the reason for this extension is so we can have the debate we need to have." >> ifill: as added incentive, the house bill says, if there is no budget, then lawmakers won't get paid. after it passed today by a bipartisan vote of 285 to 144, speaker boehner said he's optimistic that will happen. >> if both chambers have a budget. democrat budget from the senate, republican from the house now you've got competing visions, for how we address this problem. out of those competing visions, we're going to find some common ground. >> ifill: but house minority
to extent the debt ceiling until may. still needs agreement to avoid across the board spending cuts. >> peter marisi says bun thing holding tobacco guard growth is nature of investment. relatively few people flipping stocks in a way that doesn't send capital where it needs to go to grow the economy. >> bret: wendell goler, thank you. several democratic politicians trying to put a squeeze on gun manufacturerrers. correspondent shannon bream tells us this time gun control advocates are trying to pull a trigger on a different approach. >> as the police chief and sheriffs from around the country gathered at the white house to meet with president obama and discuss gun violence he put the onus on capitol hill. >> as we indicateed before, the only way we will be able to do everything that needs to be done is with the cooperation of congress. >> growing independent case it won't be easy sledding on the hill, number of obama allies across the country rolling out plans to go after the gun manufacturers and the financial backers. officials in california, illinois, new york, and pennsylvania pu
safer, stronger and more secure. >> also out of d.c., a potential crisis over the debt ceiling. looks like it will be averted, at least until the spring. the republican-controlled house passed a bill allowing the government to avoid default and continue borrowing money and paying its bills until may. it also requires lawmakers in both chambers to pass a budget if they actually want to keep getting paid their salary. with the senate set to sign on house speaker john boehner credited the bill for forcing the democrats' hand. >> after four years i'm glad the senate has finally decided to act. because there is no indication that we're going to do a budget until we announced last week that we were going to move this bill that said pass a budget or no pay. >> paul ryan wears that orange tie a lot. boehner wears that green tie quite a bit. the democrat-controlled senate has not produced a detailed budget in 1,366 days. yesterday democratic leaders said the measure is actually a victory for the president. >> i'm not sure what happened at the house republican retreat last week, but it sure had
a compromise to avert the so- called fiscal cliff. house republicans agreeing to suspend the debt ceiling in exchange for senate democrats agreeing to pass a budget. all this comes as deputy -- as defense secretary leon panetta prepares to retire and former nebraska senator chuck hagel awaits senate confirmation to take his place. carter served for more than two years as the defense acquisition chief where he drove acquisition logistics and efficiency reforms becoming deputy secretary in october 2011. dr. carter great to have you back. >> thanks, good to be here with you vago. >> something that's been making headlines is secretary panetta changing the guidance to allow women to serve in combat roles that had been closed to them at one point on a standards based sort of way. but physical fitness standards aren't the same for both sections. are you guys -- sexes. are you guys going to have to establish new standards to make sure they are up for the task? >> we're not going to change standards that matter for war fighting capability. and 237,000 now positions that used to be closed to women
happened this week, kicking in the debt ceiling deadline farther away, was that rigging? was that government book keeping in the eyes of the leaders here in washington? >> i think it's adjusting the game and changing some of the contours of the game and making sure that the contest did not have the same kind of heat and high stakes for the economy for markets, for everybody's 401-k out there that people perceived and if we really got up to the brink of a potential default or united states not being able to meet all of its obligations, you know, i'm not sure on the point that bobby jindal and others were making at the meeting in north carolina, i'm not sure the -- what republicans are about, if they're not talking about the size of government, cost of government, tax and spending issues, they will have to deal with those but at the moment they didn't want to deal with them in quite such a pressurized environment so john boehner was able to convince his caucus to accept the council to move past the debt limit. they're now shifting to other fiscal fights and we will have a
's going through? punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it over and over and over again but it doesn't stick. don't under
to hit the grund running again in his second term. the debt ceiling fight has been delayed and they are looming on the issue of the budget more specifically the sequester that comes up at the beginning of march. those are spending cuts in military and domestic agencies and the continuing resolution. basically it calls for how they will pay for the government going forward. after march 27th the budget issues are high on the priority list. there are challenges as he faces the republican house. he heard from paul ryan and dick durbin and their opinions on what the president needs to do going forward. >> the green line is historic tax rates, how much we raise in taxes and the blue is how many increases president obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to h
of news. there is word of what may be a break through in the standoff over the so-called debt ceiling. the point where our nation can no longer pay its bills. house republicans are set to vote tomorrow on a temporary fix, which would raise the federal spending limit. now the white house says it won't stand in the way of that: even though the president says he would rather see the problem fixed once and foreall. the g.o.p. measure would buy us only a few months before congress would have to agree to a long-term solution. a second part of the proposal would force lawmakers in both houses of congress to pass a budget or they wouldn't even get paid. that's the g.o.p. attempt to force the senate's hand the democratic led senate hasn't passed a budget in four years now. mike emanuel son the top story at the bottom of the hour. live with us from the row rotuna on capitol hill. mike, house republicans meeting behind closed doors late today. have we heard anything? >> well, shep, some conservatives don't love this debt ceiling deal because they don't like the idea of adding to the nation's cr
toy with the debt ceiling and putting the chances of default at risk, that would be disastrous. we've kind of avoided that for now. don't forget, the fiscal cliff itself is a device that was put in place because of the current situation, because we can't come to an agreement on everything. >> but now it may actually be fostering a lack of bipartisanship, right? the snake has eaten its own tail. >> yes, exactly. >> i love that. it's so useful. >> losing our appetites, right? >> in terms of the other piece, the austerity program that the republicans would have us on, you know, for a long time we've been able to look -- not a long time, but at least a year we've been able to look at what has happened to the u.k. and their economy and sort of this fiscal austerity and how it actually hasn't worked, and as andrew points out, do you think republicans are sort of finally coming to terms with that notion? >> i don't think so. that goes against everything that they stand for. the fact that that would not work. it's funny. andrew mentioned the imf issued some concerns specifically when talki
the country's economy as unstable as possible. the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is great to see
, but raising the debt ceiling for a budget to be named later is to me something i probably won't be able to vote for. >> if you raised it for three months unconditionally, three months from now what principles do you stand on to keep you from raising it again? >> all republicans have been frustrated by the senate failing to pass a budget. speaker boehner's office released inknow graphic about what could have been accomplished since the last budget passed on april 29, 2009. it clouded 179 round trips to the moon. circumnavigating the globe 73 times. leading senate republicans say it's time for the senate to step up. it has been four year since the senate acted on a budget. in fact, if you believe this. many of you have ipads. ipads didn't exist the last time the senate passed a budget. >> the senate majority didn't say no but he didn't fully embrace the house deal either. >> i'm glad that they sent us up a clean -- they are going to send us a clean debt ceiling bill. the other stuff on it, we'll approach it when we need to. glad we're not facing a crisis here in a matter of a few days. >>
they won the round because the debt ceiling will go up in may. without offsetting spending cuts. republicans counter getting the senate democrats to agree to a budget by april means for the first time in four years congress may be able to show some degree of real fiscal discipline. bret? >> bret: thank you. senate majority leader harry reid hopes to get a deal done soon with republicans over new filibuster rules. they want to require senators to be present when they filibuster. republicans are resisting that. reid hinted he may use the so-called nuclear option to change the rules, with a simple majority of 51 votes instead of the usual two-third. the dow continued its momentum, up for a fourth day if a row today. industrial average gained 67. to reach the highest closing value since halloween of 2007. the s&p 500 finished ahead two. the nasdaq increased 10-1/2. we will hear from the chairman of the house foreign affairs committee a bit later. up next, why you are giving a powerful weapon to enemy of a friend. [ male announcer ] ok, here's the way the system works. let's say you
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a pr stunt. any way, that's why the act passed. 33 republicans, 111 democrats voted against it. one dem who did, congresswoman debbie wasserman schultz and she tells us the bill wasn't a clean debt ceiling increase and only prolongs economic uncertainty. it only extents it for a few months so she's right about that. >>> in the last 48 hours or so, u.s. cargo planes made at least five trips into mali transporting about 80 french troops and more than 124 tons of supplies. a spokesman for the u.s./africa command tells us the airlifts began monday, are going to go on for several more days. i couldn't help but notice thi
, that starts march 1st. debt ceiling suspension expiring on may 19th. you think the president's policy goals will get bogged down because of these upcoming deadlines? >> that's an interesting question. we are trying to sort that one out. this punt into may, with the debt ceiling suggests that it buys everyone time on fiscal issues and might allow congress to turn its attention to immigration and gun control and other issues. certainly, the fiscal debate isn't going anywhere. a big question, will sequestration indeed happen if it does happen, does it happen assith currently written, do we make changes or the white house come up with a way to stave it off and get republicans and democrats to agree? a big push under way to get started on gun control, immigration, hearings next week to start the gun control debate. efforts under way by the end of next week, we might have a bipartisan framework for immigration reform proposals that would bring democrats and republicans together in the senate and get the balling rolling on something besides fiscal policy. a lot of people on washington would love t
ceiling crisis rather appears to have been averted, at least for now. a bill suspending the debt limit is headed to the senate. the house passed the measure yesterday. it allows the treasury to exceed its borrowing limit through may 18th and the president says he'll sign the legislation. >>> secretary of state hillary clinton returns to capitol hill today. she'll introduce senator john kerry tapped to take her place at his confirmation hearing. yesterday clinton spent more than 5 1/2 hours testifying before congress about the siege of the u.s. consulate in libya. she faced tough aggressive questions about the attacks which left four americans dead. margaret brennan reports. >> as i have said many times, i take responsibility. >> reporter: in her opening statement, the usually reserved hillary clinton said that for her the benghazi tragedy is personal. >> i stood next to president obama as the marines carried those flag draped caskets off the plane at andrews. i put my arms around the mothers and fathers, sisters and brothers, sons and daughter, and the wives lef
resolution that is done in the government. we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we all know and assault weapons ban cannot get through the house. it's not going to get through. it is possible they will get background checks. maybe it very scaled-back versions of what the president was talking about yesterday. but in a full-scale, you will not able to get assault weapons ban through. he will not able to get immigration through in the way progressives would like. so that probably will not happen. but the spending will have to be dealt with. sources will be made, in that sense. host: we're talking about president obama's second term. we wan
allen was cleared of wrongdoing. the battle over the debt ceiling has been put off to another day because on this day the republican-controlled house voted 285-114 to allow the government to keep borrowing the money it needs to pay its bills through mid-may. the senate and the white house are expected to go along avoiding the threat of default that would rattle financial markets. in a survey of investors by bloomberg, 36% said america's fiscal woes are the biggest threat to the world economy, more than the 29% who named the european debt crisis. anthony mason is attending a meeting of world bankers in davos, switzerland. >> reporter: how strong do you think the u.s. economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a
has tacitly endorsed a house republican plan to lift the debt ceiling for the next four months. the measure would lift enforcement of the government's $16.40 trillion borrowing limit until may 18. in a statement, the white house said it would not oppose the temporary move. a house vote is expected today. protests on both sides of the reproductive rights debate were held on tuesday to mark the 40th anniversary of roe v wade, the supreme court decision that legalized abortion. dozens of opponents rallied outside the supreme court's ahead of what they say will be a larger march near capitol hill on friday. meanwhile in jackson, mississippi, abortion rights advocates held a demonstration outside of the state's lone abortion clinic which has faced repeated threats of closure. a new poll coinciding with the fourth anniversary shows national support for abortion rights is at an all-time high. a record 70% of americans oppose overturning roe v wade, and for the first time on record, a majority now believes abortion should be legal in all or most cases. two people are in custody after a
months into question. this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a republican both cried out for the party's revitalization, new ideas, and the voices. obama administration stalwart treasury secretary gagger and secretary of state clinton bidding farewell to the administration. clinton finally this week testifying on benghazi, trying to explain away one of the administration's biggest failures. another week in which president obama has dispatched vice-president biden to campaign against the second amendment. the president's inaugural this week. next week he launches his campaign for comprehensive immigration reform. next week senator kerry to b
to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not
the debt ceiling to another we three months tied to pay. what is the strategy? >> i don't think the g.o.p. have one. i saw a high ranking aide to the house leadership this weekend and he told me that --. >> hobnobbing with powerful people. >> they said they turned the corner and this was a shrewd move. i see it as you, a real problem that indicates that at best the republicans have tactical responses. bottom line, the spot getting his way. >> shell shocked from the election or leaderless or both or what? >> all of it. they did not think they would lose as badly as they did right up to election night. they have never gotten a handle on why, and we have a faction of hard right tea party people in the republican caucus in the house that will not let the moderate members, even really talk to obama, talking or compromise is out. >> was there an agenda missing? >> growing the economy. >> they are the most strategic group of people. though can not figure out what they believe in and how to fight obama. >> are they on the wrong side of social issues? >> shear what they should do. they could b
that will raise the debt ceiling. the move also defuses another fiscal cliff crisis next month. the bill now heads to the senate where it will likely pass. >> metro wants to make major improvements to infrastructure. keeping pace with gross could mean spending billions. >> we'll take a closer look at what's included in the improvement proposal. >> college football star and his fake online girlfriend. we're going to hear from manti te'o and how the same thing almost happened to a red skin's player. >> we'll check in with tucker and julie with an update on the messy morning rush hour. stay with us. 11 minutes after 7:00. i [ harry umlaut ] here we go. [ sally umlaut ] what? the five stages of muller. ah yes... stage one: suspicion. "it's a yogurt, how good can it be?" stage two: revision. "actually, this ain't bad." stage three: surprise! "look at this cool cornery thing! i love this stuff!!" stage four: desolation. "it's gone!" stage five: anticipation "i guess i could always have another"... "have you been through the five stages of muller yet?" "yeah, just now." [ male announcer ] muller. the eur
the road. and the tax hikes were not as bad as many people thought. the next thing is the debt ceiling which was a big leverage point and republicans kicked that can down the road. all you have left is the sequester. a lot of votes stores are on the sidelines worried about political risk and but a lot of political risk has been removed. tracy: you said kicked down the road but it will come back. you're talking about short-term euphoria for a while, correct? >> correct. the fed money policy is a huge driver. they're in the process of a financial repression regime where you look at different asset classes like treasury bonds. they're incredibly expensive. you don't make anything after cash. you lose money after inflation, right? tracy: right. >> what are your options? they're trying to drive people into risk assets. as investors look into high-yield bond or certain types of mortgage-backed securities they have become very rich. the only thing really left is equities. it is almost a process of elimination for investors. they end up driving equities higher. tracy: that's what we've seen in
of saying hey, we're not going to lift the debt ceiling, you say, yeah, we will for three months and then go ahead and pass a budget in that time period. is that possible? >> i sure hope so. obviously that's the goal. that's been my goal for the last 18 months since i've been in the senate. obviously to push the senate to do something. as you mentioned, we haven't had a budget for almost four years. washington, d.c i think we can agree on one thing, that the worst run institution in america right now is the united states congress. we need to do something different. >> brian: so to do that, you got to get to some control over your own colleagues and to do that, hold on to their paycheck. republicans like darrell issa say i think that's unconstitutional. >> there is a lot of people in washington, d.c. that obviously don't want to cut their pay. the purpose of that constitutional amendment was to make sure that members of congress didn't enrich themselves during the legislative session. i'll tell this to darrell issa and nails wants to make this argument. cut your pay and go back to your distri
Search Results 0 to 49 of about 78 (some duplicates have been removed)